Silver fell on Thursday, with XAG\/USD trading near $72.82, down almost 3.0% on the day. It briefly slipped below $70 during the European session amid pressure linked to the US\u2013Israel war with Iran.<\/p>\n
A firmer US Dollar and higher Oil prices added to inflation concerns and supported expectations of tighter monetary policy, especially from the Federal Reserve. Higher-for-longer rate expectations weighed on the non-yielding metal, even as demand for safer assets remained present.<\/p>\n
Technically, price action stayed capped near the 100-day Simple Moving Average at about $75.63, while remaining above the 200-day SMA at $59.06. The RSI was 43.64, below 50, and the MACD (12, 26, 9) sat above its signal line but below zero.<\/p>\n
Resistance levels were marked at $75.60, then the 50-day SMA near $82.90, and the February swing high around $96.62. Support was seen in the $70\u2013$68 area, then the March low near $61.01, close to the 200-day SMA.<\/p>\n
Silver prices are shaped by geopolitical risk, interest rates, the US Dollar, investment demand, mining supply and recycling. Industrial use and moves in Gold, including the Gold\/Silver ratio, can also affect pricing.<\/p>\n
Given the current headwinds, we see continued short-term pressure on silver. The ongoing conflict in the Middle East has kept the U.S. Dollar Index firm, recently hovering around the 106 mark, which makes dollar-priced silver more expensive for foreign buyers. This, combined with sticky inflation data from March 2026, reinforces our view that the Federal Reserve will delay any potential interest rate cuts.<\/p>\n
For derivative traders, this suggests a bearish stance in the immediate term, with the $75.60 level acting as a formidable ceiling. We have seen repeated failures to break above this 100-day moving average, making it a key area to trade against. Selling futures or buying put options with an expiration in the next few weeks could be a strategy to capitalize on this weakness.<\/p>\n
Immediate support is in the $68-$70 zone, and a decisive break below this could open the door for a slide towards the 200-day moving average near $60. Looking back at 2025, we saw similar pullbacks find strong buyers at these lower levels, so this would be a critical test of the larger uptrend. Traders should watch for signs of stabilization in that area for a potential reversal.<\/p>\n
However, we must also consider the strong fundamental picture for silver’s industrial use. Demand from the solar and electronics sectors continued to set records through 2025, and this underlying consumption provides a long-term floor for prices. This suggests that while short-term trades may be bearish, deeper dips could present compelling long-term buying opportunities.<\/p>\n
The Gold\/Silver ratio, which spent much of 2025 above 85, also remains historically high, suggesting silver is undervalued relative to gold. This may attract long-term investors if prices fall toward the March 2026 lows. Therefore, traders might consider a strategy of short-term bearish positions while simultaneously planning to build long-term call option positions on any significant price drops toward the low $60s.<\/p>\n","protected":false},"excerpt":{"rendered":"
Silver slid nearly 3% to $72.82 as stronger dollar, oil, and geopolitics pressured XAG\/USD Thursday.<\/p>\n","protected":false},"author":103,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-46297","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/46297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=46297"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/46297\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=46297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=46297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=46297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}